Citigroup Upgrades Kite Realty Group Trust (NYSE:KRG) to Buy

Kite Realty Group Trust (NYSE:KRGGet Rating) was upgraded by equities researchers at Citigroup from a “neutral” rating to a “buy” rating in a research report issued on Monday, The Fly reports.

Several other equities research analysts have also recently issued reports on the company. StockNews.com cut Kite Realty Group Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, August 23rd. Compass Point cut their target price on Kite Realty Group Trust from $30.00 to $27.00 and set a “buy” rating for the company in a research note on Wednesday, June 22nd. Piper Sandler cut their target price on Kite Realty Group Trust to $25.00 in a research note on Monday, July 4th. Robert W. Baird upped their target price on Kite Realty Group Trust from $25.00 to $26.00 in a research note on Monday, August 15th. Finally, Capital One Financial restated an “overweight” rating on shares of Kite Realty Group Trust in a research note on Wednesday, May 25th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Kite Realty Group Trust currently has an average rating of “Moderate Buy” and an average price target of $26.29.

Kite Realty Group Trust Trading Up 1.4 %

Shares of KRG stock opened at $18.99 on Monday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.77. The stock has a market cap of $4.16 billion, a P/E ratio of -30.63, a price-to-earnings-growth ratio of 1.16 and a beta of 1.31. The stock has a 50 day simple moving average of $19.60 and a 200 day simple moving average of $20.41. Kite Realty Group Trust has a 1 year low of $16.68 and a 1 year high of $23.35.

Institutional Trading of Kite Realty Group Trust

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Verdence Capital Advisors LLC increased its holdings in Kite Realty Group Trust by 3.0% in the first quarter. Verdence Capital Advisors LLC now owns 16,014 shares of the real estate investment trust’s stock valued at $365,000 after purchasing an additional 466 shares during the period. Legacy Wealth Asset Management LLC increased its holdings in Kite Realty Group Trust by 3.3% in the second quarter. Legacy Wealth Asset Management LLC now owns 18,570 shares of the real estate investment trust’s stock valued at $321,000 after purchasing an additional 593 shares during the period. Pictet Asset Management SA increased its holdings in Kite Realty Group Trust by 0.7% in the second quarter. Pictet Asset Management SA now owns 86,113 shares of the real estate investment trust’s stock valued at $1,489,000 after purchasing an additional 617 shares during the period. Crossmark Global Holdings Inc. increased its holdings in Kite Realty Group Trust by 4.7% in the first quarter. Crossmark Global Holdings Inc. now owns 17,806 shares of the real estate investment trust’s stock valued at $405,000 after purchasing an additional 800 shares during the period. Finally, Yousif Capital Management LLC increased its holdings in Kite Realty Group Trust by 0.7% in the first quarter. Yousif Capital Management LLC now owns 115,626 shares of the real estate investment trust’s stock valued at $2,633,000 after purchasing an additional 830 shares during the period. 95.73% of the stock is currently owned by institutional investors and hedge funds.

About Kite Realty Group Trust

(Get Rating)

Kite Realty Group Trust is a full-service, vertically integrated real estate investment trust (REIT) that provides communities with convenient and beneficial shopping experiences. We connect consumers to retailers in desirable markets through our portfolio of neighborhood, community, and lifestyle centers.

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Analyst Recommendations for Kite Realty Group Trust (NYSE:KRG)

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